REF | STATE | LOCATION | ANNUAL GROSS $ | STATUS | PRIVATE SALE / BROKER |
---|---|---|---|---|---|
4640 | OH | Youngstown Area | $455,000 | available | ABA Advisors, LLC |
This is a well-established, four-decade tax and accounting practice located close to Youngstown. The firm is thriving; however, the owner is retirement age and wishes to sell. The firm is on track to generate revenue of $455,000 in 2023 with SDE of nearly $211,000. Business tax and accounting services make up almost 80% of revenue with much of it as monthly or quarterly accounting work. Concentration is low with no single client representing over 10% of Revenue. The staff is in place with one other well-qualified CPA plus an experienced Office Manager and Receptionist. Staff are aware of the sale and are likely to continue with a new owner. This practice is a perfect opportunity for a CPA to strike out on their own or it could also be a great addition to an existing firm looking to take the firm into its next chapter of growth.
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